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Be financially aware
Lifetime mortgages are secured loans. Compound interest means the amount you owe can grow quickly. Equity release reduces your estate's value and may impact means-tested benefits. It may leave little or no property equity, reducing future financial options.
What is an equity release calculator?
Our equity release loan calculator shows how much you could release from your home's value with a lifetime mortgage - a loan secured against your home. You'll need to give us some basic details about you and your property. We can then get your instant, no obligation equity release results.
You can use our free equity release calculator in 3 easy steps:
- Give a few details on your age and home value
- Press the ‘Calculate’ button to calculate equity release
- Get your equity release results
Our equity release advice relates to lifetime mortgages only - a loan secured against your home.
As well as the amount you could release tax-free, your equity release estimate includes:
-
An optional property eligibility check
-
The chance to arrange a no-obligation consultation with one of our expert advisers
-
Info on other options, costs, and the flexible features of equity release plans
Use our UK equity release calculator to get a quick estimate.
How much equity could I release using Key's free equity release calculator?
Key lifetime mortgage customers had access to £91,819 on average in Q1 2025.
The amount you could release is a percentage of your home's value (loan to value, or LTV). This varies between people and properties and is personal to you.
Try our equity release calculator to quickly see how much you could release from your home.
Our equity release calculator uses two things to work out how much home equity you could release:
-
Age: You must be aged 55+ to be eligible. If you apply as a couple, the youngest person's age will determine how much you could release.
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Property value: You must be a UK homeowner with a property worth at least £70,000. A higher value usually results in a higher release.
ⓘ If you're not sure of your property value, you can get an estimate on Rightmove or Zoopla.
Not eligible yet?
Try our later life mortgage finder. We could still help you take control of your later life finances.
The lowest amount you can release with Key is £10,000. Here's the minimum borrowing limits:
| Product |
Lump sum lifetime mortgage |
Drawdown lifetime mortgage |
|---|---|---|
|
Minimum initial loan |
£10,000 |
£10,000 |
|
Minimum drawdown |
N/A |
£500* |
*or the full balance if this is less than £500
Is equity release right for you?
There are different types of equity release which help thousands of UK homeowners take control of their later life finances. Here are some useful links to see if equity release could be right for you:
For more information on your later life options, read our free, comprehensive guide today.
Why choose Key?
Key is a specialist, award-winning later life mortgage provider for the over 55s. We've helped over a million customers see if equity release was right for them. After we take the time to understand your needs, we'll recommend the right later life option for you.
Equity Release Customer Review
Don't take our word for it - see our equity release customer reviews...
Michael and Carol
64 & 63, approaching retirement
"All the worries and the stresses have gone now. We can just look forward to having a nice relaxing retirement…We’re planning to go away on a couple of cruises."
Read more on Michael and Carol
Watch more of our customer stories
Read more on Michael and Carol
Watch more of our customer stories
What are the next steps to release equity from my home?
Your other options with Key
Key offers alternatives to equity release such as a retirement interest-only mortgage or retirement repayment mortgage. If another product is more suitable, including home reversion, we'll refer you to a different specialist adviser within Key Group who can help. If you go ahead, you'll never be charged more than our standard fixed advice fee of £1,699, even if their fee is higher.
Other options to think about
It's important to know your other options before going ahead with equity release. These include: downsizing, unsecured lending, using existing assets, or support from friends or family.
Read our equity release articles
Read our RetireWise articles to learn more about how equity release works and whether it's right for you.
Page last updated: Monday 03 March 2025